Description
⋅ Looks like BTC is forming a classic bearish divergence pattern and going to retest lower levels.
(As long as BTC doesn’t clear 9500 soon)
That being said.
I would not be surprised if Theta retests .158 before correcting. Forming a similar pattern with btc.
I would not go long and try and scalp trade this because when and if BTC corrects.
You can get caught in a risky alt position.
I am placing a sell order @ .158
with a SL @ .165
Again looking to add to Theta position after correction.
JW